Sandstorm Gold (NYSE:SAND) Price Target Lowered to $6.25 at Scotiabank

Sandstorm Gold (NYSE:SAND) had its price target cut by research analysts at Scotiabank from $6.50 to $6.25 in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 13.12% from the company’s previous close.

Sandstorm Gold Trading Up 2.1 %

Shares of SAND opened at $5.53 on Thursday. The firm has a market cap of $1.65 billion, a P/E ratio of 39.46 and a beta of 1.10. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32. The business has a 50-day moving average of $4.82 and a 200 day moving average of $4.78.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. As a group, research analysts forecast that Sandstorm Gold will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its position in shares of Sandstorm Gold by 100,345.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,063,118 shares of the company’s stock valued at $131,832,000 after acquiring an additional 25,038,166 shares during the period. Helikon Investments Ltd bought a new position in Sandstorm Gold in the 1st quarter valued at $6,771,000. American Century Companies Inc. boosted its holdings in Sandstorm Gold by 1,787.2% in the 3rd quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after purchasing an additional 994,200 shares during the period. Amundi grew its position in shares of Sandstorm Gold by 34.6% during the 4th quarter. Amundi now owns 3,009,150 shares of the company’s stock valued at $17,122,000 after purchasing an additional 773,370 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Sandstorm Gold by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 28,838,800 shares of the company’s stock worth $145,059,000 after purchasing an additional 657,177 shares during the period. Hedge funds and other institutional investors own 51.97% of the company’s stock.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.